Qualcomm Inc. (QCOM): Today's Featured Telecommunications Winner
Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
(
) pushed the Telecommunications industry higher today making it today's featured telecommunications winner. The industry as a whole closed the day up 0.9%. By the end of trading, Qualcomm rose $0.75 (1.2%) to $62.21 on average volume. Throughout the day, 11,464,405 shares of Qualcomm exchanged hands as compared to its average daily volume of 14,596,800 shares. The stock ranged in a price between $61.50-$62.21 after having opened the day at $61.68 as compared to the previous trading day's close of $61.46. Other companies within the Telecommunications industry that increased today were:
Alaska Communications Systems Group
(
), up 31.1%,
(
), up 15.0%,
(
), up 12.7% and
Partner Communications Company
(
), up 9.9%.
QUALCOMM Incorporated designs, develops, manufactures, and markets digital telecommunications products and services. It operates in four segments: QCT, QTL, QWI, and QSI. Qualcomm has a market cap of $105.6 billion and is part of the technology sector. Shares are down 1.2% year to date as of the close of trading on Friday. Currently there are 25 analysts that rate Qualcomm a buy, no analysts rate it a sell, and 3 rate it a hold.
TheStreet Ratings rates
Qualcomm
as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, impressive record of earnings per share growth and good cash flow from operations. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Qualcomm Ratings Report.
On the negative front,
(
), down 5.3%,
(
), down 4.5%,
(
), down 3.8% and
(
), down 3.7% , were all laggards within the telecommunications industry with
(
) being today's telecommunications industry laggard.
- Use our telecommunications section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the telecommunications industry could consider
(
) while those bearish on the telecommunications industry could consider
ProShares Ult Sht Telecommunication
(
).
- Find other investment ideas from our top rated ETFs lists.
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